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Carter & Roque Real Estate
Main Office:
301-689-0100
[email protected]
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Carter & Roque Real Estate
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Main Office:
301-689-0100
info@
carterandroque.com
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FOR SALE
$899,000

79 Gough Avenue
Ivyland, PA 18974

Other
Residential Income
0.34
Acre Lot
Courtesy: Keller Williams Real Estate-Doylestown, (215) 340-5700
brightmlshomes.com> Pennsylvania> Ivyland> 18974
(UPDATE as of DEC. 11, 2023 - The encroachment has been resolved and the Borough's suit has been settled) Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. The first and second floor currently contain the 4 apartments. The first-floor decking has all been replaced with new footers, deck structure and Azek wrapped posts to bring some of the history back to this gem. New landscaping all around and parking potential in the back of the building. This cash flowing property of the existing 4 apartments currently captures $6,300 per month which are below market rents. All current leases are month to month. This unique property has custom trim accents & detail that brings back that old world charm & craftsmanship. With inventory of multifamily properties at an all-time low, this provides the savvy investor with the potential to build their portfolio. The third and fourth floor would be the other 4 units providing stunning views of the Borough. The engineered plans, architectural renderings and approved plans are included in the sale. The Land Development Plans have also been submitted to the Borough (Named the Temperance House Lofts). The owner has taken the time & effort to obtain zoning approvals for 4 more additional apartments which would provide the new owner 8 total cash producing apartments. This cash flowing property has the potential with all 8 apartments of $14,000+ per month. A Buyer could choose to keep this as a 4-unit apartment investment or take on the construction project for the additional 4. Great location & convenient to major traffic routes such as 263, 132 and 332 and minutes from the Warminster train station which runs into Center City Philadelphia. Listing Agent must accompany all showings, please see Agent notes in the Listing for details.
PABU2049806
Other, Victorian
IVYLAND BORO
BUCKS
1872
0.34 Acres
Electric Water Heater, Public Water Service
Stone
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Keller Williams Real Estate-Doylestown, (215) 340-5700
This content last refreshed on 3/3/2024 2:53 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.